The Mosaic Company Reports Falling Profit

The Mosaic Company (NYSE: MOS) announced its results for the second quarter on January 4, 2012. Let's take a closer look at the company's industry, financials, and commentary and see what steps you can take next.

Earnings and Revenue:
The Mosaic Company managed to exceed Wall Street estimates with stronger-than-expected EPS and revenues. The company reported EPS of $1.40/share versus the $1.30/share estimate and revenues of $3.01 billion versus the $2.54 billion estimate. EPS fell 38.9% while revenue climbed 12.7% from the same period last year.
With last quarter's falling profit, the company ends a run of four consecutive quarters of year-over-year profit increases. The Mosaic Company has averaged revenue growth of 38.3% over the past five quarters.

Income:
Over the past year, The Mosaic Company reported net income of $5.23/share. The company trumped analyst projections of $4.93 by 6.1%. According to the reported number, the company's income fell 39.2% from last year's levels.

Conference Call:
The conference call for second quarter earnings can be accessed here.

Official Comment:
"Our excellent results demonstrate the strength of underlying agricultural fundamentals combined with effective execution by our businesses," said Jim Prokopanko, President and Chief Executive Officer of Mosaic. "While we expect third quarter results to decline due to near-term macroeconomic uncertainty and cautious distributor purchasing behavior, we remain confident of the strong long-term demand prospects for our products. In this environment, we continue to focus on generating value by executing our strategy."

Industry:
Mosaic Company The is in the fertilizers industry. That industry is currently enjoying price/earnings growth of 1%.

What to Do Next:
Now you're all set to decide what to do with those Mosaic Company The shares until the next earnings announcement. Whether you buy, sell, or hold, check back with us before the company's next earnings release for a full preview.

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(Estimates Source: Zacks)